Question: Match the following terms and definitions a segregation of duties

Match the following terms and definitions.
a. segregation of duties
b. independent reconciliation of assets and accounting records
c. physical controls
d. information technology (IT) controls
e. ongoing monitoring
f. separate evaluations

__ 1. An example would be controls over purchasing activities
__ 2. Controls to ensure appropriate information processing, authorization, and data integrity
__ 3. Divides authorization, recording, and asset custody among different individuals
__ 4. An example would be assessing internal controls with an internal audit
__ 5. Control activities such as bank reconciliations and inventory counts
__ 6. Controls to provide for physical security of assets

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  • CreatedFebruary 20, 2015
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